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John Cockrill India Ltd. Stock Analysis

Small Cap
Evaluated by 155 users | BSE: 500147 | NSE: FLATPROD |
Engineering - Industrial Equipments
CMI FPE, formerly Flat Products Equipments India (the Company) was incorporated on May 28, 1986 as a private company. On October 26, 1993 the company was converted into a public company. FPE was promoted by Late T R Mehta, a gold medalist in Metallurgy and a leading technocrat, both in India...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 32.94%11.84%1.14%-4.25%1.07%3.75%3.2%2.91%19.83%9.72%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 418352533443219205154305496371
Y-o-Y Gr. Rt.--15.9%51.5%-16.9%-50.5%-6.4%-25.1%98.5%62.5%-25.2%
Adjusted EPS (Rs.) 78.7433.26-0.14-25.9-2.578.588.337.8569.8834.82
Y-o-Y Gr. Rt.--57.8%-100.4%NANANA-2.9%-5.8%790.2%-50.2%
Book Value per Share (Rs.) 290.63307.02305.01259.82280.5305.2307.73319.51386.71419.98
Adjusted Net Profit 38.916.4-0.1-12.8-1.34.24.13.934.517.2
Net Op. Cash Flow (Rs. Cr.) 47.2-27.4-49.635.631-9.659.889.7-38.4-57.9
Debt to Cash Flow from Ops 0-0.13-1.380.960.8200000
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
John Cockrill India Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -1.3%11.1%34.1%-25.2%
Adjusted EPS -8.7%NA61.1%-50.2%
Book Value per Share 4.28.410.98.6
Share Price -4.4% 14.8% -3.9% -14.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 30.9411.13-0.05-9.17-0.952.932.722.519.798.63
Operating Profit Margin (%) 12.996.97-0.05-3.75-5.06-10.63-2.280.016.185.96
Net Profit Margin (%) 9.294.67-0.01-2.89-0.582.062.681.276.954.63
Debt to Equity 00.020.450.270.1800000
Working Capital Days 255324258301446388407204224366
Cash Conversion Cycle 6559728514812711338242
Entity Percentage Holding
Promoters 75.00%
Institutions 0.94%
Non-Institutions 24.06%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of John Cockrill India's performance infers:

John Cockrill India earnings have grown by 0%, whereas share price has appreciated 14.8% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of John Cockrill India share prices over the last 10 years. Here is what we found out:

John Cockrill India share price has appreciated -6.4% annually over the past ten years.

CMI FPE, formerly Flat Products Equipments India (the Company) was incorporated on May 28, 1986 as a private company. On October 26, 1993 the company was converted into a public company. FPE was promoted by Late T R Mehta, a gold medalist in Metallurgy and a leading technocrat, both in India and overseas. Late Dr. Mehta had been internationally recognized for his significant contributions to the Steel Industry and India’s Export initiatives by Indian as well as International Trade

CMI FPE, formerly Flat Products Equipments India (the Company) was incorporated on May 28, 1986 as a private company. On October 26, 1993 the company was converted into a public company. FPE was promoted by Late T R Mehta, a gold medalist in Metallurgy and a leading technocrat, both in India and overseas. Late Dr. Mehta had been internationally recognized for his significant contributions to the Steel Industry and India’s Export initiatives by Indian as well as International Trade related bodies/Associations. The Belgian Group CMI (Cockerill Maintenance & Ingénierie) completed the acquisition of Flat Products Equipments (India) Limited on June 25, 2008. Flat Products has now been renamed CMI FPE Limited. Post acquisition, a dedicated integration team is addressing the task of sharing best practices between the two companies. An associated objective is to make the ways in which the companies are organised compatible.

As of current, CMI FPE has a global footprint across Asia, Africa, Middle East, Europe, North America, South America, Russia and will therefore complement CMI’s global presence. CMI FPE’s turnover over the last three years aggregated to about Rs. 400 Crores on an annualized basis. As stated earlier, CMI FPE designs and produces Cold Rolling Mill Complexes, Processing Lines, Chemical equipment and industrial furnaces for the world wide steel industry.

CMI FPE complements CMI’s strategy for growth with minimal overlaps in products and a good range of technology synergies. CMI FPE Limited will be a preferred partner to supply thousands of innovative solutions for clean, reliable and efficient equipment worldwide.

In 2010 CMI FPE entered into an agreement with CORPACERO CORPORACION DEACERO, BOGOTA, COLOMBIA

Business areas of the company:

The principal activities of the company comprise manufacturing and installation of cold rolling mills complexes, processing lines, chemical processes, thermal processes and automation equipments for ferrous and non-ferrous industries Worldwide. The Company, over the last 22 years, has acquired a global leadership position in the design, manufacture, erection and commissioning of Cold Rolling Mill Complexes and Auxiliary Equipments for the Cold Rolling Industry and the Metal Processing Industry.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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